Are you ready to try a digital wallet?

Is it time to update your wallet for the new year?

Actually, it may be time to get rid of that old leather wallet altogether. Now you can with a digital wallet. The technology lets you simplify your life by safely storing all of your payment information on your smartphone. Making a purchase is easy and fast, which is great when you’re on the go.

What’s more, you can access your digital wallet from your mobile device, laptop or desktop computer. And all major carriers support the technology. Need more convincing? Check out some extra benefits of using a digital wallet:

Your information is secure and transactions are encrypted. Instead of using your actual credit card or account numbers, digital wallets send two pieces of information to the terminal at checkout: a 16-digit token for the account number and a one-time code that’s created by your smartphone.

No need to enter your credit card number or shipping address every time you make a purchase — it’s all stored and locked inside.

Just hold your device near the terminal to complete a transaction. No more swiping, signing or waiting for your EMV chip card to be accepted.

You can create stronger passwords for all of your credit and debit cards and websites since you don’t have to remember them.